4 ms·
- The term is called "pump and dump". It happens with stocks regularly; analyst/fund manager goes on CNBC and hypes up the next big thing, sells shortly after.
by doggosphere 5y ago
- The term is called "pump and dump". It happens with stocks regularly; analyst/fund manager goes on CNBC and hypes up the next big thing, sells shortly after.
- The last people to cash out are called bag holders.
- There is a difference between good assets (AAPL, Bitcoin) and bad assets (NKLA, Doge), however the market is free to speculate in between.
- Regulation is required to ensure that markets are fair.
- The kids pumping Doge will probably lose their money sooner or later. Or maybe Doge just becomes a permanent thing. Who knows.
- sumedh 5y ago> There is a difference between good assets (AAPL, Bitcoin) Wasnt Bitcoin considered a bad asset in the past?
- doggosphere 5y agoI suppose its relative. We can ask around if ____ is a good asset, and we'll get different answers. Monetary goods / store of value assets are especially open to interpretation. Is a $100m painting worth really worth $100m? Is gold really worth $2k/oz? Shrug.
- donmcronald 5y agoBitcoin’s market cap is listed as $1T. Apple is 2T. Would you rather own all the Bitcoin in the world or 50% of Apple?